Can a country export more than it produces? Yes, because it imports goods which can be re-exported. Take a look at Singapore in the chart below. Note: Exports are not part of GDP. I have shown GDP only for comparison….

and it isn’t a problem. Here is the official government explanation. And here is my chart. Note I have used the data from the CIA factbook. Some of the data is not current. However, I suspect it is mostly representative…

It helps to look at budget as part of GDP. Here is a chart with budget expenditures as part of GDP. This chart only shows expenditures. Revenues greater than expenses result in a surplus. Revenues less than expenses results in…